3M Hits 62nd Consecutive Year Milestone For Increasing Its Dividend

3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small.

As per reports, the 3M Board of Directors declared a dividend of $1.47 per share to shareholders of record at the close of business on Feb. 14, 2020, for the first quarter of 2020. The dividend payable on March 12, 2020, marks an increase of 2% over the quarterly dividend paid in 2019 and continues its track record of increasing its dividend for 62 consecutive years.

The company has been paying dividends to its shareholders without intrusion for over 100 years. 3M has distributed $57B to shareholders through dividends and gross share repurchases.